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Magmatic Resources Ltd. ( (AU:MAG) ) has provided an announcement.
Magmatic Resources Ltd. has completed its first drilling program at the Weebo Gold Project, located in the Eastern Goldfields of Western Australia. The program, which included both reverse circulation and air-core drilling, targeted advanced prospects at Scone Stone and Ockerburry. With gold prices at record highs, the timing of this exploration is strategic, and the company plans further drilling pending assay results. The project is strategically positioned among several significant gold mines, enhancing its potential for new discoveries.
More about Magmatic Resources Ltd.
Magmatic Resources Ltd. operates in the mining industry, focusing on gold exploration and development. The company is engaged in identifying and developing gold deposits, with a market focus on the Eastern Goldfields region of Western Australia.
Average Trading Volume: 497,187
Technical Sentiment Signal: Sell
Current Market Cap: A$23.56M
Learn more about MAG stock on TipRanks’ Stock Analysis page.